Red Cat terminates CRO Geoffrey Hitchcock for cause; he files retaliatory termination lawsuit

Red Cat Holdings, Inc.

Board terminated CRO Geoffrey Hitchcock effective July 23, 2026, for cause under Section 11(c) of employment agreement.
No severance or equity acceleration; only salary and benefits through termination date.
On July 21, 2026, Hitchcock filed civil complaint alleging retaliatory termination, breach of contract, and breach of good faith.
Company believes claims meritless, will defend vigorously, and may pursue counterclaims.

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